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"fte►" *40W -19- maturity, and deposited with the Paying Agent an amount equal to the amount of such bond or coupon for the sole purpose of paying the same, together with the Paying Agent's fee, and no withdrawal of funds from the Bond Fund shall be made for any other purpose except as otherwise authorized in this Ordinance. (h) The bonds of this issue shall be specifically secured by a pledge of all the revenues required to be placed into the Bond Fund. This pledge in favor of the bonds is hereby irrevocably made according to the terms of this Ordinance, and the City and its officers and employees shall execute, perform and carry out the terms thereof in strict conformity with the provisions of this Ordinance. Section 10. The bonds authorized hereby and issued hereunder shall be subject to redemption prior to maturity in accordance with the terms set out in the bond form. Section 11. Any surplus in the Water and Sewer Fund after making all disbursements required by the provisions of this Ordinance and making full provision for the other funds herein provided may be used, at the option of the City, for the redemption of bonds prior to maturity in accordance with the redemption provisions herein set forth, for extensions, better- ments and improvements to the System, or for any other lawful municipal purpose. Section 12. The bonds being issued hereunder shall not be entitled to priority one over the other in the application of revenues, regardless of the time or times of their issuance, it being the intention that there shall be no priority among these bonds. The City hereby covenants and agrees that so long as any of these bonds are outstanding and unpaid, it will not issue or incur any other obligation payable from all or any part of the revenues of the System under the provisions for parity bonds as permitted by the 1976 Ordinance.